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. >> we're not going over the fiscal cliff. melissa: okay. >> becau at the end of the day the republicans will have to blink o taxes. the alternative would be for them to say everybody's taxes go up, and that would be a politically unsaleable position. if a recession followed ich would be very likely they would get the bag. at the end of the day mr. obama can force the democrats into acting because their own inaction would leave them with responsibility for the next recession. so i think he has got the high ground. melissa: peter morici, my friend, thank you for coming on. we appreciate it. >> you take care. melissa: next up, the clock on the fiscal cliff take ticks away. now that the election is finally over, is it time for let's make a deal? you bet there is. there is no other choice. president obama dials up top congressional leaders telling them now the time to work together. we have top three things to get done to clean up the economic mess. more "money" on the other side of this break. ♪ email marketing from constant co
. >> we're not going over the fiscal cliff. melissa: okay. >> becau at the end of the day the republicans will have to blink o taxes. the alternative would be for them to say everybody's taxes go up, and that would be a politically unsaleable position. if a recession followed ich would be very likely they would get the bag. at the end of the day mr. obama can force the democrats into acting because their own inaction would leave them with responsibility for the next recession. so i...
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Oct 15, 2012
10/12
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the fiscal cliff mean as tax. the other thing, melissa, your costs are going up. because of printing of money, everything we buy costs more. melissa: that's a sneaky one. >> you have basically a negative double play going on. you will have less money in your pocket if the fiscal cliff occurs and costs are going up so much more than people really know. melissa: maybe the flipside no one believes we'll go careening off this cliff. they feel politicians could not be possibly this stupid to send us into the position where we have disaster and future elections. someone will come along and save the day. >> think about that. there is reason for that. how many times even with the budget, we went to the last minute and then there was a vote. we keep kicking, we'll not say kicking the can. melissa: no. >> what they basically do they continue to delay all this. at some point people think someone will come in and save the day. melissa: will they? >> honestly, i think they are. >> right. >> at the same time you heard jamie dimon saying last week down in d.c. they have a war ro
the fiscal cliff mean as tax. the other thing, melissa, your costs are going up. because of printing of money, everything we buy costs more. melissa: that's a sneaky one. >> you have basically a negative double play going on. you will have less money in your pocket if the fiscal cliff occurs and costs are going up so much more than people really know. melissa: maybe the flipside no one believes we'll go careening off this cliff. they feel politicians could not be possibly this stupid to...
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Nov 28, 2012
11/12
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now a hike in the national gas tax could be part of the fin al compromise to avoid the fiscal cliff. can you believe it? republican senator james improve joins us with reaction. >>> how been a assault rifle under the christmas tree? black friday shopping blows away records for gun sales. one g store rep is here to explain why because i'm not sure i get it. >>> will the keystone xl pipeline make it or not? the final public hearing is just days away. pressure is mounting on president obama to approve the new route. ceo of transcanada is here for a fox business exclusive. even when they say it's not it is always about money melissa: first let's take a look at the day's market headlines. stocks bit it for the second straight day senate majority leader harry reid indicated that little progress has been made in recent fiscal iff talks. big surprise there. so you're welcome, investors. the major intoday sees slid on the news and the dow fell 89 points. >>> shares of green mountain coffee are skyrocketing after-hours. the company solidly beat expectations for fiscal fourth quarter earnings,
now a hike in the national gas tax could be part of the fin al compromise to avoid the fiscal cliff. can you believe it? republican senator james improve joins us with reaction. >>> how been a assault rifle under the christmas tree? black friday shopping blows away records for gun sales. one g store rep is here to explain why because i'm not sure i get it. >>> will the keystone xl pipeline make it or not? the final public hearing is just days away. pressure is mounting on...
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Dec 13, 2012
12/12
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they will continue their discussions on the fiscal cliff. and it's look likely we could have some news later this hour, perhaps later in the evening. we're not sure how long the discussion will go. rich, thank you so much for joining us on this. you will be standing by for us this whole hour at the white house who. we'll be getting back to you with any breaking news we have from this meeting. the markets some say are being held hostage by these negotiations. i just counted. 18 days left in this year for these negotiations to come to a conclusion. we shall see. more news on this breaking news let's go to didn'tcratic congressman kurt schrader. thanks for joining us very timely. what do you think as we see speaker boehner coming to the white house to speak with president obama. what do you think will come out of this meeting? >> i hope some progress. as you indicated there has been precious little so far. they want to get the country back on a secure footing and get jobs growing in the country. hopefully they will be able to put together. sand
they will continue their discussions on the fiscal cliff. and it's look likely we could have some news later this hour, perhaps later in the evening. we're not sure how long the discussion will go. rich, thank you so much for joining us on this. you will be standing by for us this whole hour at the white house who. we'll be getting back to you with any breaking news we have from this meeting. the markets some say are being held hostage by these negotiations. i just counted. 18 days left in this...
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Aug 29, 2012
08/12
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fiscal cliff is $440 billion in higher taxes. $200 billion in spending cuts. raise taxes by $440 billion, i guaranty the economy will go into recession. i think we're starting to see effects of fiscal cliff already and magnify through the fall. if you're a dividend investor see marginal tax rate go from 15 to 45%, that has to scare investors. that will hurt market performance. it will have feedbacks on the business community. growing at one 1/2, 1%, anything that goes wrong is really a danger. adam: so help me just figure all of this out because sometimes my eyes glaze over. fiscal cliff versus the $8 billion missed projection from cbo, these are totally two separate issues we're discussing? >> yeah. the $8 billion issue is what is the starting point for spending by the congress in the next year? the fiscal cliff is, if congress and the administration don't do their job, and avoid a massive tax hike, and avoid a punitive across the board cut in defense spending, what will happen to the economy? there is no reason why the latter should happen. right now, it is
fiscal cliff is $440 billion in higher taxes. $200 billion in spending cuts. raise taxes by $440 billion, i guaranty the economy will go into recession. i think we're starting to see effects of fiscal cliff already and magnify through the fall. if you're a dividend investor see marginal tax rate go from 15 to 45%, that has to scare investors. that will hurt market performance. it will have feedbacks on the business community. growing at one 1/2, 1%, anything that goes wrong is really a danger....
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Nov 19, 2012
11/12
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plus we will get some real answers of the fiscal cliff, one of president reagan's former advisors is here with the top three things that has to be done. and turning thoughts into profit. they're one of fully legal in two states, investors are clamoring to get in on the party. we have a fox business exclusive with the ceo who says his company is at an all time high since it went legit and it may not be a good thing. even when they say it is not, it is all about "money." all right, first a look at the market headlines. wall street recovers from last, the dow closing up 207-point. all 30 dow components closed in the green. helped in part by solid housing reports. in some big news from one of the tech giants after almost 40 years with the company, intel ceo paul otellini will be retiring in may. his board says they have not yet chosen a successor. stocks closing virtually unchanged. and there could be a black friday blackout at wal-mart if workers threaten to strike in the busiest shopping day of the year. employees say the walkout over the plan to open at 8:00 p.m. on thanksgiving day.
plus we will get some real answers of the fiscal cliff, one of president reagan's former advisors is here with the top three things that has to be done. and turning thoughts into profit. they're one of fully legal in two states, investors are clamoring to get in on the party. we have a fox business exclusive with the ceo who says his company is at an all time high since it went legit and it may not be a good thing. even when they say it is not, it is all about "money." all right,...
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also more americans are finally waking up to the fiscal cliff. december consumer sentiment nosedived to a five-year high, because of fiscal cliff fears. a spike in taxes would leave a lot less money lying around for the iphone or ipad. shares of apple fell 2%. >>> thanks to a study by the department of energy the u.s. may be closer to approve natural gas exports. data shows it could improve the economy by $47 billion in 2020. we need that. sounds like a win-win. we have the ceo of bright link oil and gas. chris, thanks for joining us. >> thank you. melissa: what do you make of this report? first of all, do you buy it? do you think it's possible? >> i do think it's possible and i'm glad to see it come out. what it really does now it shows over the 12 different scenarios that the government study investigated each one of those scenarios came back and said america will benefit and have a positive economic gain if we export lng offshore to europe, and or asia and to other countries that need our gas. melissa: we have so much natural gas unlocked as a
also more americans are finally waking up to the fiscal cliff. december consumer sentiment nosedived to a five-year high, because of fiscal cliff fears. a spike in taxes would leave a lot less money lying around for the iphone or ipad. shares of apple fell 2%. >>> thanks to a study by the department of energy the u.s. may be closer to approve natural gas exports. data shows it could improve the economy by $47 billion in 2020. we need that. sounds like a win-win. we have the ceo of...
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Oct 18, 2012
10/12
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we're getting closer and closer to jumping off the fiscal cliff. joining us pete snyder, fox news contributor and chairman of virginia pictory. thanks for joining us. all that can not possibly fit on a business card. >> not at all. some of it is extracurricular. melissa: okay. president obama says he will veto anything that doesn't have a tax hike for the rich. feels like we're going off this fiscal cliff. is that wise? >> not at all. think could be the first double downgrade president that we've had in nearly 100 years if not more. barack obama, i just don't understand the logic. he got whooped in the 2010 elections an came out of that, and said, you know, our economy is in such bad shape, i'm going to allow the continuation of the these tax breaks, and this tax relief. what our economy is in worse shape now, melissa. melissa: it is in terrible shape but there is tons of blame to go around. everybody who is, everybody who works in washington shares blame for what is going on right now, especially for not putting on their big boy pants and coming u
we're getting closer and closer to jumping off the fiscal cliff. joining us pete snyder, fox news contributor and chairman of virginia pictory. thanks for joining us. all that can not possibly fit on a business card. >> not at all. some of it is extracurricular. melissa: okay. president obama says he will veto anything that doesn't have a tax hike for the rich. feels like we're going off this fiscal cliff. is that wise? >> not at all. think could be the first double downgrade...
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Oct 24, 2012
10/12
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we need to get the election behind us and hopefully the fiscal cliff behind us. there is definitely a bit of a overhang and talk about the fiscal cliff and we'll get beyo that. the second thing, we need to get washingt working again. and i think, --. melissa: washington working. okay. usually that has a bad connotation for me. i don't want them doing anything but you say dealing the fiscal cliff is what you mean i bet? >> dealing with the fiscal cliff. >> okay. >> more importantly starting to align fiscalolicy with monetary policy. some people say, no, you need to cut back spending. i don't think you can cut back spending in the short term. the key to have short term fiscal stilus. how you do that that is important. and then the long term credible deficit reduction plan. along the lines of simpson-bowles i don't think is too far off. if you have both of those and align monetary policy and fiscal policy i think the u.s. economy will start to come. the last thing, get rid of the last ece of uncertainty on the regulatory side. don't think that is on the average busi
we need to get the election behind us and hopefully the fiscal cliff behind us. there is definitely a bit of a overhang and talk about the fiscal cliff and we'll get beyo that. the second thing, we need to get washingt working again. and i think, --. melissa: washington working. okay. usually that has a bad connotation for me. i don't want them doing anything but you say dealing the fiscal cliff is what you mean i bet? >> dealing with the fiscal cliff. >> okay. >> more...
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Oct 23, 2012
10/12
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>> dealing with the fiscal cliff. >> okay. >> more importantly starting to align fiscal policy with monetary policy. some people say, no, you need to cut back spending. i don't think you can cut back spending in the short term. the key to have short term fiscal stimulus. how you do that that is important. and then the long term credible deficit reduction plan. along the lines of simpson-bowles i don't think is too far off. if you have both of those and align monetary policy and fiscal policy i think the u.s. economy will start to come. the last thing, get rid of the last piece of uncertainty on the regulatory side. i don't think that is on the average business. but definitely on the financial services sector. melissa: fred, thanks so much for your time. we appreciate it. as promised facebook third quarter earnings just released. conference call is underway. fox business's sandra smith has the breaking details. sandra. >> hey there, melissa. i'm just on the call listening to mark zuckerberg who got on the call minute and a half two minutes ago, some of the first word out of his mouth is talki
>> dealing with the fiscal cliff. >> okay. >> more importantly starting to align fiscal policy with monetary policy. some people say, no, you need to cut back spending. i don't think you can cut back spending in the short term. the key to have short term fiscal stimulus. how you do that that is important. and then the long term credible deficit reduction plan. along the lines of simpson-bowles i don't think is too far off. if you have both of those and align monetary policy...
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Oct 20, 2012
10/12
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i think is the very front edge of the market beginning to price in the fiscal cliff at the end of the year. market has really not priced in the fact th politicians are coming closer and closer to just flat-out saying this will not get solved by ar-end. taxes on dividen will go from5% u to 40. you're going to see capital gains go from 15% in the mid 20s. there is just no reason if you have good gains, which a lot ofeople do in the market at this point, to just goahead d sell when the market is just 5% from all-time highs. melissa: cerinly that's a factor but earnings have been a disaster. we wereort of expecting that. >> yes. melissa: they have been even more bleak than a lotf people thought. we have mcdonald, we have chipolte both making it look ke there is a global slowdown and techaking it look really bad. people think tech is the canary in the coal me. what do you think? >> earnings have definitely been a disappointmen and one thing analysts and investors han't taken into account the impact of currency on these quters. the u.s. dollar has been stroer during this quarter and europe
i think is the very front edge of the market beginning to price in the fiscal cliff at the end of the year. market has really not priced in the fact th politicians are coming closer and closer to just flat-out saying this will not get solved by ar-end. taxes on dividen will go from5% u to 40. you're going to see capital gains go from 15% in the mid 20s. there is just no reason if you have good gains, which a lot ofeople do in the market at this point, to just goahead d sell when the market is...
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Sep 24, 2012
09/12
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we have the fiscal cliff coming. we have tax uncertainty. we have the election. we have europe. we have collapse of lodgic in the qe3 come out. there are so many bad things the government has done. i'm not willing to take a risk and risk my capital right now even with demand out there. melissa: peter, what do you think the government could do to create jobs right now? it is very easy to stand on the sidelines and throw stones what is going on. but is there one solid concrete thing they could do? >> yeah. i think they could focus on the trade deficit with china because the money goes to china is money that leaves but doesn't come back to, buy foreign products but doesn't buy american products. that is one problem. the other is, if we develop more domestic energy even consuming same amount that is much less for the middle east that doesn't come back. finally, i think, small businesses could use a lot of help from the banks. that is banks were more able and ready to lend. and recognizing that the, the banking crisis that we had in 2008 and nine wasn't from lack of regulation but it
we have the fiscal cliff coming. we have tax uncertainty. we have the election. we have europe. we have collapse of lodgic in the qe3 come out. there are so many bad things the government has done. i'm not willing to take a risk and risk my capital right now even with demand out there. melissa: peter, what do you think the government could do to create jobs right now? it is very easy to stand on the sidelines and throw stones what is going on. but is there one solid concrete thing they could...
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Nov 20, 2012
11/12
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vi with the top executives ad hoping to get more influence how to go the fiscal clough speaking to a hannful of executives and i am sure they all have great inside the one of the top economic advisor is say we have already fallen off the cliff. welcome back to the show.is thaa is rethat where we are head>> y did?ed. >> yes. jonathan is perfect. grea he was great. we're moving in that direction in. melissa: he is so happy. that cannot say that -- see that. >> with what obama has to do right now to put politics aside with his growth rates? >> you extend all the tax cuts. you cannot raise taxes on job cr job eacreators and expect to get more jobs. not the wt honestly, that is not the the oa way it works. he needs to postpone obamacare taxes but thosernment. three things are the only way i now to increase thes. secular growth rate. of a lot of this is alreadyshifte have been to. uldn'teans we will drop off. it will have been. i am sorry. avohat ta melissa: that is the reason? did is too late?wouldn wal-marwal-mar t would paye and off its dividend for people to avoid the tax hike. >> this
vi with the top executives ad hoping to get more influence how to go the fiscal clough speaking to a hannful of executives and i am sure they all have great inside the one of the top economic advisor is say we have already fallen off the cliff. welcome back to the show.is thaa is rethat where we are head>> y did?ed. >> yes. jonathan is perfect. grea he was great. we're moving in that direction in. melissa: he is so happy. that cannot say that -- see that. >> with what obama...